Perfect
/ˈpɜːrfɪkt/
Definitions
- (adj.) Completed in all respects; fully accomplished or entirely without fault or defect.
She gave a perfect performance in the trial.
- (adj.) (Law) Relating to a security interest that is enforceable against third parties by compliance with statutory requirements.
The creditor perfected the security interest by filing a financing statement.
Forms
- perfects
- perfected
- perfecting
Related terms
See also
Commentary
In legal contexts, 'perfect' commonly refers to completing all necessary steps to protect a security interest against third parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.